Future of the Spirulina Market: Opportunities & Challenges
Spirulina Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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The Global Spirulina Market is estimated to reach at a high CAGR during the forecast period 2024-2031
Spirulina is a type of blue-green algae known for its rich nutrient profile. It is packed with protein, vitamins, and minerals, making it a popular superfood. Spirulina is often consumed as a supplement or powder due to its potential health benefits, including boosting immunity and improving energy levels. It is also praised for its antioxidant and anti-inflammatory properties.
List of the Key Players in the Spirulina Market:
Sensient Colors LLC, Parry Nutraceuticals, NOW Foods, Naturex, Naturalin Bio-Resources Co., Ltd., Guardian.in., Fuqing King Dnarmsa Spirulina Co., Ltd., ECPlaza Network Inc., Far East Bio-Tec Co., Ltd., Green Wave Ingredients Inc., DIC CORPORATION, Cyanotech Corporation, Chr. Hansen A/S
Industry Development:
In September 2020, Chr. Hansen introduced FruitMax Blue, a vibrant color sourced from spirulina, a renowned "superfood" in the food additives market. Blue hues are often limited in the natural color palette, but spirulina's versatility makes it an ideal match for healthy production needs, including in boiled candy.
Growth Forecast Projected:
The Global Spirulina Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
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Segment Covered in the Spirulina Market:
By Form: Powder, Tablets/ Capsules, Liquid
By Distribution Channel: Supermarkets & Hypermarkets, Specialty Store, Convenience Store, E-Commerce, Others
By End-User: Food & Beverages, Pharmaceuticals, Animal Feed, Cosmetics & Personal Care, Nutraceuticals
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